VIC/
Altona north

Suburb Profile

Altona North - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3025

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unit

Property investors enjoyed capital gains of 15.35% over the last 12 months in ALTONA NORTH, translating to lower returns compared with its peers in VIC.

Figures from the previous quarter show that capital gains for real estate buyers in ALTONA NORTH are low, as opposed to average gains per annum over the past five years.

The suburb posted a 50% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $427.5 based on current median home prices for the suburb.

On average, rents on listings have reached the $427.5 mark, reflecting a 2.71% increase in returns based on the current median price in ALTONA NORTH.

ALTONA NORTH, 3025 ranks 252nd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 414th on the list of best yielding suburbs for rental properties in VIC, posting a 2.71% return.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $819,000 $572,500
GROWTH REPORT
Median Quarterly 2.7% -1.29%
Median 12 month 15.35% 5.43%
Median 3 years 50% 19.27%
Median 5 years 63.8% 39.63%
10 years average annual 10.18% 8.25%
Weekly media advert. rent $427.5 $380
Time on Market 65.1 days 84.3 days
Gross Rental Yield Percent 2.71% 3.45%
demographics (median values)
Total Population
10888
Weekly Household Income
688.3
Household Size
2.60
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